 Revised feed-in tariff for solar photovoltaic in the United Kingdom: A cloudy future ahead?Firdaus Muhammad-Sukki, Roberto Ramirez-Iniguez, Abu Bakar Munir, Siti Hajar Mohd Yasin, Siti Hawa Abu-Bakar, Scott G. McMeekin and Brian G. Stewart Energy Policy, 2013, vol. 52, issue C, 832-838 Abstract: The United Kingdom (UK) started implementing a national Feed-In Tariff (FiT) mechanism on the 1 April 2010, which included specific payment tariffs for solar photovoltaic (PV) installations. However, a revised FiT rate has been put in place starting from 1 April 2012, applicable to any installations with an eligibility date of on or after 3 March 2012. This paper presents, first, an overview of solar PV installation in the UK. This followed by a general concept of the FiT in the UK before analyzing the financial impact of the new FiT rate on the consumers. Similar financial analysis is conducted with selected countries in Europe. The financial analysis investigates the total profit, the average rate of return and the payback period. It is found that the new FiT rate generates very low profit, minimum rate of return and a longer payback period, suggesting a downward trend of solar PV uptake in the future. Keywords: Solar photovoltaic; Feed-in tariff; Financial analysis (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:enepol:v:52:y:2013:i:c:p:832-838 DOI: 10.1016/j.enpol.2012.09.062 Access Statistics for this article Energy Policy is currently edited by N. France More articles in Energy Policy from Elsevier |
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